Helping you and the economy grow
Download the YES Initiative gazette here. The YES (Youth Employment Service) initiative has been gazetted in a final version by Minister Rob Davies. The YES initiative, which focuses on employing youth allows companies to move up by 2 levels on their BEE scorecard. We invite you to a session whereby...
The BEE industry is in a bit of a spin at the moment with people wondering “What is the future of BEE?”. This has been brought on mainly by new changes to the codes. The reality is that although some of the changes have been positive and some negative, BEE...
On the 22nd of February, we are hosting a seminar for Black Owned SME’s in partnership with 360 Capabilities. Attendees will gain insight into how their businesses can benefit from BEE
Phillip Dube from EconoServ talks about AgriBEE Sector Codes which were gazetted on the 8th of December 2017
Chelsea briefly talks about a way of maximizing Procurement Points on the Amended Construction codes
Lebohang on ways to ensure smooth verification. Plan ahead and keep a record of all documents such as your EE submissions forms, proof of payment, employee contracts and invoices. This will help address any issues before the verification date
Chelsea on Management Control in line with Construction Sector Codes
An introduction to the Amended FSC (Financial Sector Code) for Procurement, Enterprise and Supplier development by Allan Maphanga, EconoServ
Download the Amended Financial Sector Codes released 1 December here
Download the Amended Construction Codes released 1 Dec 2017 here
The dti minister, Dr Rob Davies has today (1 December 2017) gazetted the Financial Sector Codes (FSC) and the Construction Sector Codes. The FSC in particular has been long awaited. Until now the financial sector had been using the original financial sector codes which gave all in the FSC an...
It has been 13 years since the Broad-Based Black Economic Empowerment (B-BBEE) Act came into effect in South Africa, but many business owners – and their employees – remain unclear on what exactly the legislation is for. To talk about The Real State of B-BBEE, Teboho Mafodi hosts Mr Keith...
In October this year, the BEE commission planned to issue about 50 preliminary and final findings against companies for contraventions of the B-BBEE act. What are these contraventions? One of them is fronting. A major form of non-compliance is fronting, or the introduction of spurious schemes that purport to introduce...
The journey continues: a reflection of the founding team, a year later! Click here to view the newsletter
Need a BEE Verification? We can assist you! View our managed services here. Click here to gather an enormous amount of free information from our website Interview on SAFM with EconoServ chairman Keith Levenstein NASTASSIA ARENDSE: We are looking at BEE share schemes. What prompted this idea was the Sasol Inzalo unbundling...
The BEE Commission is about to set a precedent which will decide the validity of what, to date, have been questionable BEE transactions. The BEE Act states that the BEE Commission must maintain a registry of major transactions. Regulations issued in 2017 defined a major transaction as a deal worth...
By Lianne Friedman, CEO of EconoServ An amendment to the JSE listing requirements will require companies to provide the BEE Commission with a copy of their compliance report. The first disclosure period is scheduled for 1 June 2018. The JSE says that the aim of the amendment is to...
Ownership on the new codes has made the scorecard increasingly more difficult and companies have no choice but to explore their options. It accounts for nearly one quarter of all BEE points and a critical tool to ensure full compliance with other policies. We realise that making a decision to...
